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CNN
Jun 22, 2013 6:30am PDT
to prevent one today. put the economy in terms we noneconomists understand. it's like a car. >> to return to the driving analogy, if the incoming data supports the view the economy's able to sustain a reasonable cruising speed we will ease pressure on the accelerator by gradually reducing pace of purchases. >> not put on the brake but was ease off accelerator. the fed has been buying $85 billion a month in bonds. that money rushes into the economy, fueling a huge rally in stocks, huge rally until this week. it keeps interest rates low on your home and car loans. but investors are nervous that tapering, taking the foot off the gas, will end the big gains. just the fear of ben bernanke easing up on the gas pedal sent the dow down 500 points wednesday and thursday. regardless if you own any stocks, your money is on the line. terry sav itch, author of the savage truth on money, chief investment strategist, welcome to the program. you say all of the worrying about when stocks will pull back is a good thing. explain. >> well, i'm not saying that it's a good thing for your psyche to be worried a
CNN
Jun 22, 2013 11:00am PDT
people, is this fundamental? is this is there wrong with the economy? so many people came back to me and says, it's hedge funds taken out, they want to lock them in, they're resetting, moving to cash, resetting, and it's going to be temporary. so it wasn't nearly as scary and it really was hedge funds, that fast, short-term money. not the long term, people. >> so ben bernanke didn't say we're taking money out of the economy, we're putting on the brake. he said sometime in the future, when the unemployment gets to 7%, we will slow down on the accelerator. >> it's exactly what people wanted them to do and it's exactly how they should do it. give them lots of time to adjust, lay out the framework, give them exact details. this is when we think we're going to do it, we're going to do it gradually. and if the economy weakens, we're going to get back in and make sure it's okay. >> ben bernanke says the fed will pull back stimulus measures as the economy improves. that is a good thing the fed chief is giving a road map for that. that means the u.s. economy can stand on its own. that means t
CNN
Jun 16, 2013 12:00pm PDT
, a world economy in turmoil. derail america's economic comeback. christine romans has answers. "your money" starts right now. >>> another week of volatility in the markets. the reason, we global unrest and uncertainty about the fed's role in propping up the economy. i'm christine romans, this is your money. from space, earth appears peaceful. take a closer look. while signs point a u.s. economy ready to take off, the rest of the world is struggling to take flight. riots in turkey. slowing growth in china. unrest over harsh cuts in greece. from extreme greed to extreme fear. concerns over a global recession already creating volatility for investors. this week saw the biggest single day decline on the dow this year. >> i would give our economy a b to b plus. >> the other guy getting a d is dragging us down. >> why might you not be feeling optimistic? housing prices on the rise. less unemployment numbers. but will the u.s. be dragged down by a world economy in turmoil. >>> want to bring in keith, ceo of risk management and michelle myers, from bank of america. let me start with you, keith. yo
CNN
Jun 15, 2013 11:00am PDT
of modern family. >>> first, will a world economy and turmoil derail america's economic comeback. christine romans has answers as your money starts right now. >>> another week of volatility in the markets. the reason? global unrest. uncertainty about the fed's role in propping up the economy. i am christine romans. this is "your money." >>> from space, earth appears peaceful. while science points to a u.s. economy that is ready to take off, the rest of the world is struggling to take fights. riots in turkey, slow growth in china, unrest over harsh cuts in greece. from ux treem greed to extreme fear. concerns over a global recession already creating volatility for investors. this week saw the biggest single day decline in the dow this year. >> i would give our economy a b to a b plus. >> the other guy's is dragging us down. >> why might you be feeling optimistic. housing prices on the rise, consumer confidence at a five-year high, fewer americans filing for unemployment. will america's comeback continue or will the u.s. be dragged down by a world economy in turmoil? >>> i want to bring in ke
CNN
Jun 20, 2013 1:00pm PDT
the gravy train by tapering off the stimulus it stumps into the economy, sometime in the near future. he hasn't even announced it yet. i want to get to felicia taylor at the new york stock exchange. explain what happened there to trigger the second day of selloffs. >> the debate has begun as to when that tapering, that slight pullback, and i do mean slight. he's not taking all of the stimulus out of the market at once. traders discussing whether or not it's going to happen in the next month or possibly 2014, what that does to the market. we were down about 380 points before the closing bell. so we have come back a little bit and that is a good sign. but some traders say these kind of selloffs could continue because the debate is going to continue. but what we've really got to focus on is the economy. are we seeing enough positive signs in the economy? so far it's a very mixed picture for the federal reserve to feel confident enough to begin that slow tapering down. the answer is not really. they need at least three monies of positive economic news for him to begin that stimulus pullback.
CNN
Jun 21, 2013 12:00am PDT
and breaking the news, the stories behind the headlines. if the economy is getting better, why did wall street have the worst day of the year and the walls, exclusive the man that co-founded apple with steve jobs, his interview tonight on a segway, a machine that nearly killed me once. we'll get around to talking about why. i want him to talk about the new upcoming jobs movie. >> nobody wants to buy a computer, nobody. >> how did somebody know what they want if they have never even seen it? >> also, government snooping taking us back to the days of the cold war soviet union. >> i want to begin on the tragic death of james gandolfini yesterday. we're learning more about the moments of his family found him in his hotel room last night. dan is live in rome with more. dan, what is the latest? >> reporter: well, we've been piecing together the tragic final minutes of james gandolfini's life. we know that he arrived at the hospital at 10:40 p.m. having been rushed in found collapsed in his hotel room in a five-star hotel here in central rome. we know he was traveling with his 13-year-old son. there
CNN
Jun 19, 2013 1:00pm PDT
pleasure, thank you. >>> next in the money lead, the head of the fed says the economy is improving but free money is still flowing. so where do we stand now? plus, amnesty, the word that might kill the immigration reform bill. many conservatives coming to washington are fed up. i will ask democratic congressman castro whether he thinks the immigration reform bill has a chance in the house. [ indistinct conversations ] [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. ♪ hooking up the country whelping business run ♪ ♪ trains! they haul everything, safely and on time. ♪ tracks! they connect the factories built along the lines. and that means jobs, lots of people, making lots and lots of things. let's get your business rolling now, everybody sing. ♪ norfolk southern what's your function? ♪ ♪ helping this big country mo
CNN
Jun 19, 2013 11:00am PDT
anticipated meeting on the economy. and the result of that meeting could affect your retirement savings, your ability to sell your home, buy a home, your 401(k), your cash. the list goes on and on. as we know, everyone sits with bateed brea bated breath waiting for the voice of ben bernanke. christine roman, good to see you. we're hoping you can translate some of the fed speak in language we can all digest. i know this is your beat. tell me, we're awaiting this statement. what will you be listening for? >> what we know is we have seen the statement. we know there's no change in the amount of bonds the fed is going to keep buying, that stimulus into the economy. no change in its interest rate target. really i would say overall no change from the fed right now. and that is what so many people wanted to know. will the fed chief, will ben bernanke, continue to stimulate the economy. they're putting $85 billion every single month right into the economy by making these bond purchases. what we can tell you, the statement from the fed, that's going to stay the same. they are not announcing how, when,
CNN
Jun 15, 2013 6:30am PDT
to america's biggest corporate secrets and that's something that could be damaging to the american economy. >> well, it can. i mean, we are seeing a dramatic shift of intellectual property from west to east. what people tend not to understand is that businesses and governments create store and transmit information on the same porous internet that you and i use in our personal relations. secrecy from privacy are pretty much the same thing but they are just asserted by different actors, and you and i assert a private interest, and your government and employment is secret interests, and it's somebody asserting the right and the ability to keep somebody else from knowing something. and since we are all transmitting and working on the incredibly porous networks where identities are easy to spoof, both privacy and secrecy are heading south rapidly. >> i want to look at some of the sectors under attack. manufacturing top the list at 24%, and government, half that share, and then these are top industries attacked in 2012. how does this affect the economy in the long run? >> let's take something li
CNN
Jun 15, 2013 10:00am PDT
of the day, which is creating jobs and turning the economy round. that's what the republican party needs to focus on, is getting us back on the right economic road to recovery and making sure americans remember we need to restore the american dream. our current administration is not about that. they're about saying sit back, we'll take care of you and allow you to live and we'll enable you to live a substandard life. we need to put the focus back on that. >> so, what is this all about? forgetting the american dream, common road. we're hearing all these kind of trigger words and language here. sarah palin you know being critical of the obama administration. no surprise there. but what is at the root of what this you know, freedom or this faith and freedom forum is all about in the first place and is it just preaching to the choir or is a message, a common message really resognating? reaching the conservative following? >> about a week before president obama's election in 2008, he said that we were a week away from fundamentally transforming america here, so what's at stake is american exc
CNN
Jun 17, 2013 1:00pm PDT
americans feel the economy is starting to recover and their perceptions about the economy is starting to go up. usually the president rides those numbers up. there may be an erosion of attributes that may cause some irreparable harm for his second term agenda. that's what i'd be very worried about. >> we should also say congress have having incredibly poor approval ratings as well. when we said that to the white house, they said, well, congress is barely out of single digits. and that's true. if you worked at the white house now, would you be worried? >> i also like to look at trend lines but i don't see any reason for concern here. if you look a little deeper beyond the overall approval and the voter opinions on economy and jobss are he unchanged. he's within the margin of error. there is not that devastating dip that others are trying to portray. >> on the economy and jobs? >> on the economy of jobs. he's within the margin of error and that's the encouragement here, that this isn't some devastating dive that's unrecoverable. i think mark's point about the clump of scandal coverage is cert
CNN
Jun 19, 2013 8:00pm PDT
about cutting back on the fed stimulus program which basically has been pumping money into the economy to keep interest rates low. that's helped prices for a lot of things, real estate, stocks included. we're now on round three of what i call, you know, pumping money into the economy. they call it quantitative easing. with their noses in the air. each of the new rounds has caused stocks to move higher. starting later this year, the fed will take the drugs away and may cut the addicts off entirely next year. ben white, chief economic correspondent for politico. ben, thank you. so people -- he comes out and says things are getting better. >> and the stock market tanks. >> you say what's wrong with these crazy people on wall street? americans say -- 44% of americans say they're worse off than they were a year ago. >> i think what it means for people who have a house who might want to refinance it, they should probably do it, because interest rates will go higher if the fed stops doing all this drug giving to the economy. so if you're going to refinance, do it now. if you're looking at a n
CNN
Jun 20, 2013 8:00pm PDT
into the economy to prop it up to prevent a depression is going to start drying up. peter kenny is the chief market strategist at knight capital group. i guess the question is two days nearly 4%. makes people afraid. and it should make people afraid t. question is, is this temporary or something that could get worse and worse? >> it's a real wake-up call. i do think this is a short-term trend. given that, we are in a period of volatility since chairman bernanke did mention tapering back in may, which is where we had our highs. >> which means i will stop giving you this free market. >> meaning we have seen the most volatility all year. sideways to lower, the last two days significantly lower. there is probably some work to do on the downside in the near term. this is something that's needed. a pullback is needed. we need to get back to more compelling evaluations in the index stocks generally speaking. so it's not as if this is completely destructive. it's a question of a longer period of trend. >> it's pruning. >> that's a great example. >> when you look at five years ago when this whole, they call
CNN
Jun 19, 2013 6:00am PDT
, dana, you would think maybe he would talk about the global economy because, you know, germany's still very much struggling with its economy. it's so much tied to the united states. why not talk about that? >> well, it's hard to imagine it's not going to be at a least implicit in his speech. but one of the things that people may not know about president obama is that when he was here in the capital, when he was senator obama, that issue, the nuclear issue, was something on the top of his priority list. in fact, when he was campaigning in 2008 and making the point when he got to the general election that he could work across the aisle with republicans. one of the examples he could give is working with former indiana republican on the nuclear issue. that they even traveled together on it. this is actually something, he wasn't here very long as a senator. he didn't even finish his first term, but this is something when he was here briefly he did focus on. the other quick thing i want to point out, gloria talking about the big crowd of 2008 and the much smaller crowd here now that he's pre
CNN
Jun 20, 2013 6:00am PDT
.s. economy, but there would be a road map for when they would stop doing that. the u.s. economy was strong enough to get on its own two feet and unemployment rate got back 7%. take their foot off the accelerator is the way the fed chief put it. overnight, world markets started to react saying all the markets that had benefitted from the big flood of fed money into the world economy and all markets having a pull back to what would be the reality when the fed is not in the game. you see the dow down about 69 points right now and down 72. we'll continue to watch. we have seen triple-digit declines the last six or seven days in a row, carol. >> then it goes right back up. such a weird thing. >> very volatile and i'll let you know how this is playing out and whether they can absorb it all right today. >> thank you, christine. >>> other stories we're covering this morning. senate negotiators are expected to announce a deal today on an immigration reform bill that would increase border security as cnn first reported yesterday. the plan would double the number of patrol officers from the current l
CNN
Jun 22, 2013 2:00pm PDT
. >>> how would you grade the economy? if you don't have a job you might give it an f. if you're in the stock market you might get it an a. what do the financial experts think? we'll find out. cnn's christine romans this week, smart is the new rich. >> summer is here and stocks are in turmoil after a 13% gain this year. unemployment is still too high. investors are making a fortune in housing but nearly 10 million people owe more on their mortgage than their home is worth. there are a rash of statistics to measure this recovery. let's look at this way and give it a good old fashioned letter grade starting with a man whose firm manages $2 trillion. >> i would give the economy a b to a b plus. it is getting better but not fast enough. >> reporter: he buys and sells bonds. these guys are real estate tycoons. >> i'd say it's a c plus rnkts what do you think, mort? >> c plus. >> reporter: here is a harvard professor. >> i think b plus at this point. we should be creating way, way more jobs. >> reporter: the view from the stock market? >> i think b minus. the economy has held up wel
CNN
Jun 20, 2013 2:00pm PDT
to back off of this government program that has helped push the economy along and that has sent the markets in a tail spin. he used the word "taper", he's going to taper the program. what does that mean? well, imagine the economy to be like a kid trying to ride a bicycle after a spill, trying to get back on balance. the fed has been helping out to steady and push him along with about $85 billion a month in stimulus. ben bernanke has been looking at numbers saying housing is up almost 7% in may, unemployment 7.6%, not getting better but not getting worse, gdp, 2.6%, all of that he's saying is that all of this that is good enough that the government can start backing off and let the economy stand on its own a little more. i'll be there. if it gets in trouble, i'll step in and save it, it will be okay, there is what we should do. so why are the markets so troubled? partially because they're looking at the same numbers and they are not as confident. their sense is that if you step away from this economy right now and try to let it ride on its own, in fact you could have a lot of wob
CNN
Jun 21, 2013 2:00am PDT
into the economy each month. >> gradually reducing the pace of purchases. >> reporter: the second, overnight thursday bad news from china. manufacturing production fell. the economy isn't growing as fast as it had been. the pros say this was bound to happen after months of gains and record highs. in fact, the fed pulling back is a sign the economy is getting better. >> there's no fear or panic going on. we know it's going to be a nice, slow, orderly process to see if our economy can stand on its own again. >> stocks were only part of the bad news. a metal meltdown. gold, the filter is dropping like a rock, losing a quarter of the value this year. don't be afraid to peek at your 401(k). after yesterday's dramatic drop, the dow was up 12.5% this year. >> everything was moving yesterday. interest rates on treasury bonds hit a two-year high. higher mortgage rates, higher car payments could be around the corner. don't despair. stock futures in the u.s. are up a little bit so far. we'll keep monitoring it. >> you used a swear word before we went on air. >> i did. i said darn, that was a horrible d
CNN
Jun 21, 2013 3:00am PDT
of money they're pumping into the economy each month. >> we will ease the pressure on the accelerator by gradually reducing the pace of purchases. >> reporter: the second, overnight thursday, bad news from china. manufacturing production fell for the first time in eight months. a sign that one of the world's most powerful economies isn't growing as fast as it had been. the pros on wall street say this was bound to happen after months of gains and record highs. and in fact, the fed pulling back might be a good sign that the economy's getting better. >> there is no fear. there is no panic that's going on. but i think we do know that it's going to be a nice slow, orderly process to see if our economy can stand on its own again. >> reporter: that doesn't make yesterday any prettier, and stocks were only part of it. a metal meltdown. 2 1/2-year lows for gold and silver. gold, the shelter from the storm in the recession, is dropping like a rock, losing a quarter of its value to far this year. don't be too afraid to peek at your 401(k). even after yesterday's dramatic drop, the dow was up mo
CNN
Jun 19, 2013 10:00am PDT
years. he believe that's going to be a big problem. >>> we're following the economy. whether or not it's looking up. there's mixed opinions. >>> men disappears from the workplace. we'll take a look at the job market. that's happening up next. >>> then, the jury selection continues in the george zimmerman trial. we're hearing from trayvon martin's parents. they are sitting in the same room as their son's alleged killer. >> it's difficult. seeing the killer of our child sit there with this big stare as if he did nothing. >>> she didn't want to testify but she did. just two weeks after her apparent attempted suicide. paris jackson says she's a daddy's girl. she's been devastated and lost since michael jackson's death. we'll have the latest on her condition, her testimony. that's in the wrongful death case against her father's promoter. matt's brakes didn't sound right... ...so i brought my car to mike at meineke... ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> president obama calls for fr
CNN
Jun 19, 2013 4:00pm PDT
, talking about pumping money into the economy to keep interest rates low. we have all gotten pretty addicted to ben's drugs. we are oon round three of what i call pumping money into the economy, they call quantitative easing with their noses in the air. you can see each of the new rounds has caused stocks to move higher. as they started to end stocks fell and back up against. starting later this year the fed will start taking the drugs away. outfront ben white chief economic correspondentic. so he comes out and says things are getting better. >> and the stock market tanks. >> americans say they are worse off now than they were a year ago. that is more than say they were betterer off. what does today's news mean for people with a nest egg and a house under water. >> people with a house who want to refinance should probably do it because interest rates will be going a little higher if the fed stops this drug giving to the economy. if you are going to refinance do it now. a new home purchase do it sooner rather than later. in terms of stocks hold on to them. wait this out. it is going
CNN
Jun 21, 2013 9:00am PDT
to pull back from that stimulus in the economy, that means that things are looking better. i'm not saying that that's what the situation is but the truth is that means the economy really is in a steady recovery. that's a good thing. that means people are finding jobs. that means they feel more comfortable about buying large ticket items whether it be car or a new refrigerator. those are really very good things. it also means this market is going to start trading on fundamentals again. that's really very comforting for traders. admittedly they were addicted to the punch bowl that's been there but there are plenty people out there that say it's a good thing to go back to the fundamentals. >> all right. it's good news. thank you. appreciate it. >> that will fix it. >>> we have to turn to canada. major emergency unfolding in the province of alberta. there's been flooding there. 75,000 people driven from their homes in the major city of calgary. >> that city has not seen anything like this before. the situation so serious that the canadian military has been called out to help the rescuers. >>
CNN
Jun 21, 2013 6:00am PDT
year and they're concerned what the fed is going to do when they stop supporting the economy probably some time into next year. you'll see this gut check where people are taking money off the table. >> christine romans reporting live from new york city, thank you. >>> six women, six women, just women would decide the fate of george zimmerman and remember race could be a key factor to this case. five of thez women jurors are white. one is described as hispanic or black. opening statements now set for monday. also, today the judge will rule on a controversial voice analysis of the screams heard on this 911 call. >> does he loohurt to you? >> i can't see him. i don't want to go out there. i don't know what's going on. >> do you think he's yelling help? >> yes. >> all right. what is your -- >> all right, you heard the screams in the background. the prosecution wants to show it was trayvon martin's voice. if so, that could hurt zimmerman's self-defense claim in shooting zimmerma eme eme em was unarm aed. >>> also new information this morning in the sudden death of james gandolfini. hotel s
CNN
Jun 15, 2013 2:00pm PDT
very quickly. >> reporter: ironically an improving economy is to blame. >> unemployment is down. the stock market is doing really well. median home prices are up. people are feeling better. they're out there buying again, so the economy does well, you will see a rising-rate environment. >> reporter: and you will see it in your monthly payment. at 3.5 on a $250,000 home with 20% down, you pay $898. the same 30-year fixed mortgage will cost you 954 bucks at 4%. that's $56 more a month or $672 a year. down payment, credit score and income determine the rate you'll pay. >> borrowers that are getting the best rate are putting 20% to 25% down. they have income that is documentable so they're providing w-2s and federal tax returns and they have an excellent credit score, something over 700 or 720. >> reporter: a quick closing date also helps. >> you get your best rate from a lender if you lock in for 30 days. standard to lock-in for 60 days and the longer you go out, the more expensive it will be. >> reporter: ask your lender about a float-down provision so your rate could be adjusted
CNN
Jun 20, 2013 4:00pm PDT
plowing into the economy to prop it up to prevent a depression is going to start drying up. the chief market strategist at knight capital group. peter, i guess the big question is, two days, nearly 4%. you know, that makes people afraid. and it should make people afraid. the question is, is this temporary or something that could get worse and worse? >> it's a real wake-up call. i do think this is a short-term trend. given that, we are in a period of volatility. since chairman bernanke did mention tapering back in may, which is where we had our highs -- >> meaning i'm going to eventually stop giving you this free money. >> we've seen a the lot of volatility in the market, more than we've seen all year. and sideways to lowered the last two days, significantly lower, this probably more work to do on the down side in the near term, but this is actually something that's needed. a pullback is needed. we need to get back to more compelling valuations in the indexes and stocks generally speaking. so it's not as if this is completely destructive. it's really more a question of longer term tren
CNN
Jun 20, 2013 5:00pm PDT
, the fight that affects millions of people and could reshape the economy and job market and could reshape america's border with mexico but on top of that is a battle in many ways for the future of the republican party, immigration reform. today in the senate offered an amendment calling for 20,000 more border agents and completing a fence to beef up republican supports if the larger reform bill passes the senate, republicans in the house will support it. that, however, is a big if. dana bash is here to explain why. dana, it goes back to border security for republicans. does it look like this bill, at least as it now stands, is tough enough on boarder security to get republican support? >> reporter: it's tougher and looks like it could. it's not a question in the senate whether or not immigration reform will pass but by a lot of votes and talking to republican sources, they think that this beefing up the border security will bring maybe ten to 12 republican senators near it that wouldn't before hand. supporters say they need maybe up to 70 votes in the senate to give this issue momentum he
CNN
Jun 17, 2013 3:00am PDT
talking about policy. we're not saying we don't like the economy. we're not saying it's this one program. we don't trust you. >> reporter: and that becomes a huge problem for a progressive presi"ent who needs to tell people, let me use the government to make you) life better. if you don't trust him, his disapproval rating is up and you think government is too big -- 6 in 10 americans now think government is too big, that he can't manage it effectively. this is like a political version of an underwater mortgage, if you will. his disapproval is above 50. people don't trust the government. you look at this coming out, is he trustworthy? 49% say yes. that's up 58% since just last month. so he's taking a hit. something has americans stoppint and saying, hey, wait a minute. when you're early second term with the midterms just around the corner, don't invest in one poll, but if you're president and you know the clock is ticking, that's trouble. >> it's one thing about the nsa or about a policy, but if it's whether or not he's believable, it makes it difficult to come back, even it's just one po
CNN
Jun 17, 2013 6:00am PDT
, are very focused on trying to restore the faith in government, as well as their faith in the economy. >> canter said he believes the recent hearings on capitol hill, many launched by his fellow republicans, will not only help gain clarity on controversies but prevent similar controversies in the future. >>> big dad of big business and big government. according to apple, federal, state and local authorities made between 4,000 and 5,000 data requests about apple users in the last seven months alone. anchor of "your money."is the so, do we know how many of these were related to national security? >> no, we don't know exactly how many were related to national security. what companies say is they can only tell us all federal, state and local law enforcement is 4,000 to 5,000 requests covering accounts or devices. but what we do know, apple says most of these are related to typical police work. what do we mean by that? missing persons and looking for someone with alzheimer's and trying to prevent a suicide and mreesz crime investigations like cyberstalking and the like. that i what most o
CNN
Jun 19, 2013 3:00am PDT
news that we need to know. big day for the economy. >> it is "b" day, ben bernanke, deciding how long to keep up propping up the economy, is the economy strong enough to stand on its own? wall street nervous, the dow posted triple-digit moves, you guys, past six sessions, dow futures up 29 points right now. brand new cnn/orc poll most americans say the economy is in poor shape and when it comes to people's finance more pessimism. 44% say they're financially worse off than a year ago, only 36% say they're better off. no improvement from last year, no improvement. the stock market is up 13% and there's no improvement from last year. >> she's getting emotional about it. she's got a frog in her throat. >> cnn money released a list of best places to launch a business, montana, vermont, new mexico, and if you want to launch a business there you go. >> i'm thinking north dakota, i did a piece in north dakota about the fracking industry and how it's booming. lowest unemployment. >> the lowest unemployment in the country is in north dakota. i hear it's lovely this time of year. >> not a lot of
CNN
Jun 20, 2013 2:00am PDT
to moderate the month li purchases later this year. >> it's contingent on the economy improving. unemployment is getting as low as 6.5% next year. that would be nice. currently, it's 7.6%. >>> home prices are rising. enjoy it while it lasts. they rose in may compared to may of 2012. most cities are seeing big, double digit gains. prices in las vegas up 28%. similar moves, san francisco, san jose, phoenix, they were hit hardest by the housing bust. it's bound to slow down as mortgage rates rise. >>> two of the most famous clothing designers. an italian court says they cheated on taxes. they will not serve time in prison, but do community service oar house arrest. they plan to appeal the verdict. >> revolutionize prison jump suits. >> imagine that. >> we spend a lot of time together now. i spend more time with you than my wife. i have not seen her worked up about anything like that. >> the fed is going to withdraw the stimulus. remember all the terrible words, the fed giving a road map for pulling back the stimulus from the economy. it will be next year. that means you won't have $85 billion a
CNN
Jun 20, 2013 11:00am PDT
's the existence and the possibility that the market is getting better. that's not a bad thing. we want the economy to get better. the problem is, is that the quantitative easing has at some point got to go away. >> what they call the stimulus. kr yeah. winding down on that. >>> two big stories. of course, you see the dow which has to deal with your wallet. then the story people have been following here for a year now. just a little bit more information before we go to break here. as i said, jury has been selected in the george zimmerman trial. just to tell you about this jury, it's a six-person jury to hear the case of george zimmerman. it's been chosen. it consists of six women, we are told. there are no men. no men on this jury. four of them are white, one is black. the race of the only woman -- the race of the one lady is unknown. we're not exactly sure what it is. again, four white, one black. i'm not exactly sure of one. four alternates being chosen right now. more on this developing story when we come right back. i don'without goingcisions to angie's list first. with angie's list, i know who
CNN
Jun 16, 2013 6:00am PDT
conversations than i'm equipped for, because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. i am an american i'm a teacher. i'm a firefighter. i'm a carpenter. i'm an accountant. a mechanical engineer. and i shop at walmart. truth is, over sixty percent of america shops at walmart every month. i find what i need, at a great price. and the money i save goes to important things. braces for my daughter. a little something for my son's college fund. when people look at me, i hope they see someone building a better life. vo: living better: that's the real walmart. foour neighbors.... and our communities... america's beverage companies have created... a wide range of new choices. developing smaller portion sizes and more.. low and no-calorie beverages... adding clear calorie labels so you know... exactly what you're choosing.
CNN
Jun 16, 2013 3:00pm PDT
economy. it is about progress. it is about economy. that's the political argument he was making. when you put it in context, you see that that's what it's all about. he is framing the immigration debate in an economic perspective. >> i'll tell you how it is going to change things, don. i'm from texas which we all know has gone republican for i think since lbj. jeb bush is actually the won who said that the changing make-up of this country, that we are becoming a browner country, texas has actually become a blue state he said if republicans didn't get their immigration reform act together. that's how it is changing this country. we are seeing swing states in play that used to not be in play because of the number of immigrants coming to this country. so it is changing our country. the fastest growing group is multi-racial americans. i am hoping one day we'll all be so mixed up a lot of this nonsense we are always arguing about in terms of race is kind of a moot point. >> anna -- >> don, just one last point. for all the people watching the three of us on tv right now, we just got one message
CNN
Jun 18, 2013 4:00pm PDT
own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show you how at&t solutions can help you do what you do... even better. ♪ >>> our second story "outfront," held captive in ohio. so for the second time if two months we're hearing people being held captive against their will in ohio. this time, a woman and child allegedly held for two years. according to federal authorities, the disabled woman and her daughter were allegedly held in an apartment in ashland, ohio, where they were forced to eat dog food and treat
CNN
Jun 19, 2013 2:00am PDT
into the economy but with the economy recovering, there's talk the fed may soon turn off that spigot. but when, when, when? investors hoping not soon. sparking a rally yesterday with no clear answer. the dow moving up and down 1 soo points the past six sessions. today, it's b-day, all about ben bernanke. to taper or not to taper. that's the way the banks at cjl puts it. chrysler caved. it took it down to the wire but in the end, chrysler decided to recall 2.7 jeeps. the automaker resisted pressure from the government waited until just the deadline, the government could have forced the recall of all of those jeeps. the jeeps in question, the 1993 to went 03 cherokees and the 2002 to 2007 jeep liberties. chrysler still maintains they are safe but will look over the vehicles -- voluntary recall to look over the vehicles and fix anything that needs to be fixed to avoid a fire. >>> the nsa snooping controversy continues, google filed a first amendment plea against the nsa. google wants to share information with the public about secret government programs. google said its reputation and business hav
CNN
Jun 20, 2013 8:00am PDT
parkts do markets down 1 to 3%. this is the world reacting to the economy being well enough so they can pull back sometime next year. >> can i ask a stupid question? >> what's your stupid question. >> first of all, if the economy is doing better, and we all knew the stimulus is temporary, why is this such a surprise? >> that is a great question, because this is exactly what everyone said they thought would happen, that the fed would say stimulus is going to continue, but they would give a road map for how it would be tamped down. that's exactly what happened. the nagging worries you still see in global markets. record unemployment in europe. china's factory output is the slowest in nine months. last year china's growth was the slowest in 13 years, and there's this worry that if you have no fed in the u.s., you have no growth. look how much money the fed has been pumping into the system. you have the fed's balance sheet that has exploded and you still only have 2% growth in the u.s. if you've got china slowing and the fed pulling back at the same time, what is that going to mean for mark
CNN
Jun 17, 2013 2:00pm PDT
. >> and, by the way, economy, an economy that's -- >> and the economy. >> all right, we'll wait and see on that one. it's not quite back yet. >> just ahead, was celebrity tv chef nigella lawson publicly choked by her husband? and why some families worry about the bread their eating and why wheat farmers are worried about losing money. it's monday, a brand new start. with centurylink visionary cloud infrastructure, and custom communications solutions, your business is more reliable, secure, and agile. we kw it's your videoconference of the day. hi! hi, buddy! that's why the free wifi and hot breakfast are something to smile about. book a great getaway now and feel the hamptonality >>> questions are swirling about the marriage of celebrity chef nigella lawson after pictures surfaced of her husband with his hand around her neck at a restaurant. her husband is denying any claims he attacked her. cnn's international correspondent matthew chance is in london with the latest. matthew, these pictures just look awful. >> they do. they really illustrate as well, jim, the idea that if you're a cel
CNN
Jun 15, 2013 12:00pm PDT
standoff? can he improve iran's economy and free iran's political prisoners? a lot are watching iran's new president-elect to see what he does. for now, his supporters celebrating >>> in a first of its kind exposure, they are allowing tech giants to reveal the number of inquiries they get from law enforcement. a justice spokesperson said the numbers will, quote, show that an extraordinarily small number of accounts are subject to legal process. it is all in response to reports that the u.s. government directly accesses the servers of facebook and microsoft. the companies deny that. lawye we have the industry reaction. >> he with have more developments in the surveillance of american citizens. with the government's permission, facebook and microsoft are coming forward with their roles in those national security requests. this is the first time we are learning about specific government requests for information in the wake of the nsa leaker. according to lawyers from both companies, in the last six months of 2012, facebook received between 9 and 10,000 questions for information. microsoft say
CNN
Jun 14, 2013 6:00pm PDT
. yeah "and" is better. the 2013 edge. only ford gives you ecoboost fuel economy and a whole lot more. go further. where we've switched their fruits and veggies with produce from walmart. it's a fresh-over. that's great. tastes like you just picked them. so far, it's about the best strawberry i've had this year. walmart works directly with growers to get you the best-quality produce they've ever had. all this produce is from walmart. oh, my gosh. i'm shocked. [ laughs ] i know where i'm going to be shopping for strawberries now. find fresh berries and all your quality produce backed by our money back guarantee. walmart. for all those who sleep for all those who sleep too hot or too cool, and struggle to sleep comfortably together, now there's a solution. introducing sleep number dualtemp,the revolutionary temperature-balancing layer with active air technology that works on any mattress, including yours. whether you sleep hot or cool, sleep number dual temp allows each of you to select your ideal temperature. and it's only at one of our over 400 sleep number stores nation wide. sleep numbe
CNN
Jun 16, 2013 4:00pm PDT
on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or p
CNN
Jun 18, 2013 2:00am PDT
to the economy and the stock market when that happens. >>> health care prices are going up. costs rise 6.5% next year. that includes doctor visits, drugs, surgery, prices are rising faster than inflation. that's not a news flash. here is the good news. this year, prizes rose 7.5%. it's because people are becoming more cost conscious. they are cutting down on doctor visits and choosing cheaper providers. >>> coming up, cliff rescue. two teenage boys stranded at the top of the cliff and they had no way down. we'll show you the rescue caught on camera. look at that. it's coming up next. the first time i saw a sony 4k tv, it was like opening my eyes. it's four times the detail of hd. colors become richer. details become clearer. which for a filmmaker, changes everything. because now there are no more barriers between the world that i see and the ones i can show you. the sony 4k ultra hd tv. >>> defending the nsa, president obama on the record about why the controversial surveillance program isn't as invasive as you think. >>> wildfire warning. hundreds of firefighters battle flames in california thi
CNN
Jun 18, 2013 5:00pm PDT
i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. the clearer it became to us that add up to seasoned detectives. >>> more now on how investigators looked for clues of arson after a mild fire. as we mentioned, the massive black forest fire is being treated as a crime scene. a look at how investigators solved the 200 2 hay man fire. >> reporter: she was on the biggest case of her career, tracking the arsonist that started colorado's largest fire. new revelations about the case forced her to reexaminen the evidence, the matches and the ashes in the campfire ring. soon, agent jones was zeroing in on a fellow forest worker, one of their own, terry barton spent nearly two decades preventing fires in colorado's national forests. the married mother of two raised her daughters here. this was barton's backyard. she was
CNN
Jun 20, 2013 3:00am PDT
had to say. >> he said the economy is getting better, that means the fed will stop all the stimulus. not right now but eventually. dow futures down 80 points, big sell-off yesterday, the dow, nasdaq, s&p all swooning by more than 1%. the dow was down 206 points. fed reserve chairman ben bernanke said the fed was prepared to "taper" its purchases of bonds as the economy improves. he signaled the stimulus program could end by next year, that could raise your borrowing costs, you would feel it. >>> a stunning turnaround for general motors for the first time j.d. power and associates says gm is the car company with the best quality. all four gm brands were ranked above the industry average. gm filed for bankruptcy back in 2009 so this is a milestone for general motors. >>> a faster version of wifi is on the way t will allow to you transfer, imagine this, a high definition movie to a tablet in less than four minutes. the samsung galaxy s4 and routers from cisco will be among the first to use this new high speed wifi. apple says its future products will use the faster network, full movie,
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